SpiceJet eyeing growth with aircraft ungrounding, fleet expansion, exclusive destinations: Report
Sep 07, 2024, at 10:54 pm
New Delhi/IBNS: Indian low-cost airline SpiceJet, which is struggling with heavy financial dues, said on Friday (Sept 6) that it expects a 'promising growth' for its operations, helped by a likely ungrounding of aircraft, impending expansion of the aircraft fleet, exclusive access to regional destinations, and also access to international destinations.
Annual report shows Tata Group's aviation business more than halves loss in FY24
Sep 07, 2024, at 10:50 pm
Mumbai/IBNS: Tata Sons FY24 annual report revealed that the Tata Group's aviation business narrowed losses to Rs 6,337 crore from Rs 15,414 crore in the previous fiscal year.
Russia rises gold purchases by 601% to evade sanctions
Sep 07, 2024, at 10:46 pm
Moscow/IBNS: As Western sanctions continue to tighten around Russia, Moscow on Friday (Sept 6) announced that the country will increase its daily gold purchases to 8.2 billion rubles, which represents a 601 percent rise from previous occasions, to bypass financial restrictions and maintain trade with its partners.
Nasdaq ends down 2.6% as US stocks slip after jobs data
Sep 07, 2024, at 10:29 pm
New York/IBNS: New York Stock Exchange's stocks ended decisively lower on Friday (Sept 6) following weaker than expected US jobs growth that pointed to a slowing economy.
Former Samsung executive arrested second time for leaking chip technology to China
Sep 07, 2024, at 05:50 am
Seoul: A South Korean executive, accused of stealing semiconductor technology developed by Samsung Electronics, has been detained again on freshallegations in connection with the theft of chip processing technology, Reuters reported.
India surpasses U.S. as the 2nd largest market for 5G smartphones
Sep 07, 2024, at 05:12 am
New Delhi: India has surpassed the US to become the second-largest market for 5G smartphones, an ET Telecom report said, citing a recent study by Counterpoint Research.
India overtakes US to become second-biggest 5G handset market, shows new research data
Sep 06, 2024, at 11:29 pm
India overtook the US to become the world’s second-biggest 5G handset market for the first time, behind China, a recent research said.
Sep 06, 2024, at 10:48 pm
New Delhi: The Supreme Court of India issued a notice on Friday to former ICICI Bank Managing Director and CEO Chanda Kochhar, and her husband, Deepak Kochhar, in response to a plea by the Central Bureau of Investigation (CBI) challenging a Bombay High Court order that had declared their arrest "illegal", media reports said.
Sep 06, 2024, at 10:16 pm
New Delhi: The Adani Group has reassured Bangladesh of a continuous power supply, even though its outstanding receivables have exceeded $800 million, according to sources cited by Moneycontrol.
Sep 06, 2024, at 06:04 pm
New Delhi/IBNS: The parliamentary Public Accounts Committee (PAC), the parliamentary watchdog for government spending, will investigate allegations against Securities and Exchange Board of India (SEBI) chief Madhabi Puri Buch and it is likely to summon her later this month, Economic Times reported, citing people in the know.
Top Rankers Management Club hosts 24th National Management Summit
Sep 06, 2024, at 04:24 pm
New Delhi/IBNS: Bringing together over 300 seasoned professionals from various sectors to turn it into a landmark gathering of industry leaders, the Top Rankers Management Club successfully hosted the 24th National Management Summit on Aug 30-31 in the national capital.
Reliance Industries board approves 1:1 bonus issue for shareholders
Sep 06, 2024, at 07:32 am
Mumbai: Reliance Industries Ltd (RIL) on Thursday approved a 1:1 bonus issue, marking its first bonus offering since September 2017. Shareholders will receive one free share for each share held.
Singapore plans to make major investment in India in coming years: Piyush Goyal
Sep 06, 2024, at 06:40 am
New Delhi/IBNS: Union Commerce and Industry Minister Piyush Goyal Thursday said Singapore has already invested about $150 billion in India and is ready to invest five times that amount in the coming years.
Traders flee Maldives amid escalating default risk as foreign currency crisis deepens: Report
Sep 06, 2024, at 04:48 am
Male: The selloff of Maldives' Islamic bonds has worsened, with the dollar-denominated sukuk maturing in 2026 falling below 70 cents this week, a new record low, Bloomberg reported.
Sep 05, 2024, at 09:39 pm
Bengaluru/IBNS: The Air India Group on Wednesday (Sept 4) officially commenced the construction of a major Maintenance, Repair, and Overhaul (MRO) facility, which is set to be built on a 35-acre site at Kempegowda International Airport in Bengaluru with an initial investment of Rs 1,400 crore.
Ethanol push turns India into top corn importer: Report
Sep 05, 2024, at 07:54 pm
Mumbai/IBNS: India's push to make more ethanol made from corn has turned the country, which was Asia's top corn exporter, into a net importer for the first time in decades, squeezing local poultry producers and scrambling global supply chains, Reuters reported.
Big push for capex: Finance Minister Nirmala Sitharaman eases norms for expenditure over Rs 500 cr
Sep 05, 2024, at 05:39 am
New Delhi: The finance ministry has eased rules for expenditures exceeding Rs 500 crore to speed up capital expenditure, which is set at Rs 11.11 lakh crore for the current fiscal year, News agency PTI reported.
Adani Enterprises establishes subsidiary to develop Nairobi airport in Kenya
Sep 05, 2024, at 04:53 am
Mumbai: Adani Enterprises, the flagship company of the Adani Group, has established a subsidiary in Kenya as part of its strategy to take over Jomo Kenyatta International Airport in Nairobi, media reports said.
Reliance Industries bags 10 GWh ACC EV battery project under PLI scheme
Sep 05, 2024, at 03:03 am
New Delhi: Reliance Industries has secured a 10 GWh battery storage project under an incentives program designed to promote EV battery production, the government said on Wednesday.
Adani Enterprises' first retail bond fully subscribed: Report
Sep 05, 2024, at 01:54 am
Mumbai: Adani Enterprises' first retail bond was fully subscribed at its launch on Wednesday, according to data from local Indian stock exchanges, marking a rare occurrence in the market, Reuters reported.
States fail to reach consensus on GST relief on health insurance premiums
Sep 04, 2024, at 11:06 pm
New Delhi: States remain divided over a proposal to exempt health insurance premiums from Goods and Services Tax (GST), with the Fitment Committee—comprising revenue officials from both state and Union governments—struggling to agree on this contentious issue, media reports said.
JSW Steel secures MUFG funding for Australian coking coal mining company acquisition: Report
Sep 04, 2024, at 10:17 pm
Mumbai: JSW Steel Ltd, led by Sajjan Jindal, has secured financing from Japan's MUFG Group for its acquisition of a coking coal mining company in Australia, Moneycontrol reported.
Hacker behind $234-million WazirX crypto theft starts washing loot
Sep 04, 2024, at 10:13 pm
Bengaluru/IBNS: The hacker behind India’s worst crypto hack has started laundering some of the $234 million stolen in the incident from the WazirX exchange, acting the same day the platform briefed on efforts to recover funds, reports Bloomberg.
Best Fixed Deposit (FD) Strategies To Follow
Sep 04, 2024, at 10:05 pm
A Fixed Deposit is considered to be a low-risk investment product wherein one is guaranteed fixed rates of returns for a particular period. Moreover, investors interested in investing in bank FDs to accumulate wealth should analyse this specific financial instrument in detail. In this blog, we will discuss the various factors that affect Fixed Deposits and different strategies that you can take to ensure you get the best returns.
Volkswagen considers German plant closure for first time in 87-year history: Report
Sep 04, 2024, at 08:40 pm
Berlin/IBNS: German automaker Volkswagen is weighing whether to close plants in Germany for the first time in its 87-year history as the company moves to deepen cost cuts amid rising competition from China’s electric vehicle makers, reports CNN.
Investors lose Rs 3 lakh crore as Sensex tumbles 550 pts amid weak global cues
Sep 04, 2024, at 06:37 pm
Mumbai/IBNS: Following a fall in global markets amid resurfacing slowdown fears, Indian benchmark indices Sensex and Nifty traded lower in the early hours of Wednesday (Sept 4) amid renewed concerns over a US economic slowdown and caution ahead of key data that could influence the Federal Reserve's interest rate decision, while selling pressure was evident across all sectors, reports said.
Sep 04, 2024, at 06:32 am
New Delhi: The Defence Acquisition Council (DAC), chaired by Defence Minister Rajnath Singh, on Tuesday, granted Acceptance of Necessity (AoN) for 10 capital acquisition proposals worth Rs 1,44,716 crore.
Travel industry poised to add record $11.1 trillion to world's GDP in 2024
Sep 04, 2024, at 05:53 am
The world will spend an unprecedented amount of money on travel in 2024. According to the World Travel and Tourism Council (WTTC), $1 out of every $10 spent globally will go towards travel, as people eagerly book hotels, cruises, and flights, reported Reuters.
IIT-Bombay witnesses avg salary increase by 7.7% amid decline in student placements
Sep 04, 2024, at 05:03 am
Mumbai: Yet another placement season unfolded at the Indian Institutes of Technology (IITs) this year, bringing to light the growing competition the graduates have to face every year in campus job interviews.
UPI hits over 3,700 transactions per second, up 58% yearly
Sep 04, 2024, at 02:46 am
New Delhi: The Unified Payments Interface (UPI) has become the world's most popular alternative payment method, handling 3,729.1 transactions per second in 2023, media reports said.